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Oil and Gas Oil and Gas Storage

  • *Shell is one of the biggest foreign investors in Singapore. SINGAPORE, Jan 9- Eleven men were charged in a Singapore court on Tuesday over their part in an alleged oil theft at Shell's biggest refinery, court documents showed. Shipping data from Thomson Reuters Eikon showed the Prime South was shipping fuel between Ho Chi Minh City, Vietnam, and Singapore for the...

  • *Shell is one of the biggest foreign investors in Singapore. *Southeast Asia is seen as a hotspot of illegal oil trading. SINGAPORE, Jan 9- Eleven men were charged in a Singapore court on Tuesday over their part in an alleged oil theft at Shell's biggest refinery, court documents showed.

  • *Shell is one of the biggest foreign investors in Singapore. *Singapore is Asia's main oil trading hub. SINGAPORE, Jan 9- Seventeen men have been arrested and millions of dollars in cash seized as part of an investigation into a suspected oil theft at Shell's biggest refinery, Singapore police said on Tuesday.

  • *Egypt government wants to be major energy hub by 2021. CAIRO, Dec 28- Egypt is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez in the coming days, another step in its plan to become a regional energy hub. The new 2.5 km wharf is being built by SUMED, which for decades has operated two pipelines from the Red Sea to the...

  • After a leak at California's Aliso Canyon underground storage plant spewed natural gas for months, Congress updated pipeline standards in a bill signed by former President Barack Obama last year. The law required the Pipeline and Hazardous Materials Safety Administration, or PHMSA, an office of the Department of Transportation to set safety standards at...

  • HOUSTON, Dec 19- Venezuela's PDVSA could lose its license to operate an oil storage terminal it owns on the Dutch Caribbean island of Bonaire if it does not soon fulfill maintenance demands by regulators, a government spokeswoman said on Tuesday. The terminal is a key part of PDVSA's logistics in the Caribbean, and its closing could hurt shipments to customers in...

  • HOUSTON, Dec 19- Venezuela's PDVSA could lose its license to operate an oil storage terminal it owns on the Dutch Caribbean island of Bonaire if it does not soon fulfill maintenance demands by regulators, a government spokeswoman said on Tuesday. The terminal is a key part of PDVSA's logistics in the Caribbean, and its closing could hurt shipments to customers in...

  • TBILISI, Nov 29- Georgia plans to build its first underground natural gas storage facility and construct a coal-fired power plant as part of moves to develop its energy sector. Georgia's state Oil and Gas Corporation has obtained the right to build the gas storage facility on a capped oil field in the capital Tbilisi and has finished the feasibility study,...

  • *Canada to U.S. pipeline shut after Nov. 16 oil spill. *Expectations of OPEC extension to oil curbs support prices. NEW YORK, Nov 24- U.S. oil prices hit their highest levels in more than two years on Friday after the continued shutdown of a pipeline running from Canada to the United States was expected to reduce supply into a major storage facility.

  • *Canada to U.S. pipeline shut after Nov. 16 oil spill. *Expectations of OPEC extension to oil curbs support prices. NEW YORK, Nov 24- U.S. oil prices hit their highest levels in more than two years on Friday after the continued shutdown of a key pipeline running from Canada to the United States was expected to reduce supply into a major storage facility.

  • NEW YORK, Nov 22- A U.S. regulator on Wednesday denied a proposal by Magellan Midstream Partners LP to establish a marketing affiliate to buy, sell and ship crude oil, creating uncertainty for pipeline competitors with similar arrangements. The Federal Energy Regulatory Commission said that while the creation of a marketing affiliate is common in the industry...

  • TUNIS, Nov 21- Libya's Waha Oil Co is producing about 260,000 barrels per day, up more than 100,000 bpd from the company's output levels this summer, but further gains are complicated by a lack of investment, its chairman said on Tuesday. Waha is a subsidiary of Libya's National Oil Corporation and operates as a joint venture with Hess Corp, Marathon Oil Corp and...

  • *Drop seen as sign that OPEC- led supply cuts are working. SINGAPORE, Nov 10- The amount of oil stored on tankers around Singapore has dropped sharply in the last months, the latest indication that OPEC- led supply cuts are successfully tightening crude markets even as U.S. exports have soared. So to some extent, the OPEC cuts have worked, "said Eng Hian, head of trading at...

  • BEIJING, Nov 9- Delfin Midstream, developing the first floating facility to export U.S. natural gas, has sealed a preliminary 15- year sales deal with city gas distributor China Gas Holdings, Delfin founder and Chief Executive Officer Frederick Jones said. But industry veteran Jones told Reuters in an interview that Delfin is also tapping unnamed Chinese banks...

  • BEIJING, Nov 9- Delfin Midstream, developing the first floating facility to export U.S. natural gas, has sealed a preliminary 15- year sales deal with city gas distributor China Gas Holdings, Delfin founder and Chief Executive Officer Frederick Jones said. Industry veteran Jones, a pioneer of spot crude oil trade in the 1970 s, told Reuters in an interview that as...

  • CAOFEIDIAN, China, Nov 7- Li Ruipeng's phone has been ringing off the hook with factories and hotels looking to get their hands on prompt supplies of gas. Huapu is one of a fast-growing band of trucking companies that are transforming China's once-sleepy domestic spot market for gas into a unique and bustling business as Beijing pushes to wean the country off...

  • AMSTERDAM, Nov 6- Chemicals and oil storage company Vopak is operating at 85 percent of capacity, 9 percentage points below 2016 levels, chief financial officer Jack de Kreij said in an interview on Monday.

  • *Steel, cement terminal volumes fall 10-20 pct. SINGAPORE, Nov 3- Singapore port operator Jurong Port is entering the oil storage business to diversify its revenue as volumes passing through its cement and steel terminals fall amid a slowdown in the construction and shipbuilding sectors, its chief executive said. Singapore is the world's second-largest...

  • SINGAPORE, Oct 31- China's state oil major Sinopec is evaluating two projects in the United States that could boost Gulf Coast crude oil exports and also expand storage facilities in the Caribbean, two people familiar with the matter said on Tuesday, with U.S. With U.S.- China energy trade likely to feature prominently during Trump's visit, the people said one of...

  • HOUSTON, Oct 20- Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed by Reuters, halting delivery of a cargo to an oil trader. Shipping delays and quality concerns also are jeopardizing the OPEC- member country's crude sales,...